IPM Question Paper 2020 | IPM Rohtak Quantitative Aptitude

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Question 2 : Bhavani invested an amount of Rs. 13900 divided in two different schemes, A and B at the simple interest rate of 14% per annum and 11% per annum respectively if the total amount of simple interest earned in two year be Rs. 3508, what was the amount invested in Scheme B?

1. 6400
2. 6500
3. 7200
4. 7900

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Video Explanation

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Explanatory Answer

Two schemes A and B, A = 14% pa and B = 11% pa
Amount earned = Rs 3508
Assuming Rs x invested in Scheme B,
Then Rs (13900 - x) is invested in scheme A

S.I = \\frac{PNR}{100})
\\frac{(13900 - x) × 2 × 14}{100}) + \\frac{(x) × 2 × 11}{100}) = 3508
On Solving we get x = Rs 6400

The answer is 6400

Choice A is the correct answer.

 

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